Of the Following Errors, Which One by Itself Will Cause

question 119

Multiple Choice

Of the following errors, which one by itself will cause the trial balance to be out of balance?

• A) A $200 salary payment posted as a $200 debit to Cash and a $200 credit to Salaries Expense
• B) A $100 receipt from a customer in payment of his account posted as a $100 debit to Cash and a $10 credit to Accounts Receivable
• C) A $75 receipt from a customer in payment of his account posted as a $75 debit to Cash and a $75 credit to Cash
• D) A $50 cash purchase of office supplies posted as a $50 debit to Office Equipment and a $50 credit to Cash
• E) All of these errors will cause the trial balance to be out of balance.

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Definitions:

Corporation Dissolved

The process by which a corporation formally ceases operations, liquidates its assets, and terminates its legal existence.

Various Ways

This term indicates the presence of multiple methods or approaches to achieve a goal or solve a problem.

Reverse Share Split

A corporate action where a company reduces the total number of its outstanding shares to increase the per-share value of the stock, without changing the company's market capitalization.

Number Of Shares

The total amount of shares of stock that a company has issued to shareholders, representing ownership in the corporation.